Approx Rs 14.23 Crore Collected in "10% Prabhu Bank Debenture 2084" Issue so Far

According to the latest update provided by the issue manager Nabil Invest, the 10% Prabhu Bank Debenture 2084 has received 1,384 applications from the public so far. They have applied for a combined amount of Rs. 14,23,35,000.

Prabhu Bank Limited had issued “10% Prabhu Bank Debenture 2084” worth 2 Arba from Shawan-19, 2077. The early closing date of the issue is on Shrawan-23, 2077. If the issue is not subscribed till Shrawan-23 then the issue will be further extended to Bhadra-05, 2077.

Out of total offered 2,000,000 units; 60% i.e. 1,200,000 units is allocated for different institutions through private placements and rest of the issue i.e. 40% i.e. 800,000 units is allocated for the general public.

Applications can be placed for a minimum of 25 units and a maximum of 300,000 units.

CARE Ratings Nepal Limited (CRNL) has assigned a ‘CARE-NP BBB’ rating to the new proposed Debenture “Prabhu Bank Debenture 2084” issue of Prabhu Bank Limited. The instrument with this rating is considered to have a moderate degree of safety regarding timely servicing of financial obligation, in Nepal. Such instruments carry moderate credit risk.